Chevron Unusual Options Activity For October 24
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Chevron (NYSE:CVX), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 11 options trades for Chevron, with sentiment split between 36% bullish and 63% bearish. The price range targeted by these investors over the last 3 months is from $90.0 to $190.0. Chevron's current price is $160.19, down 0.3%. Analysts from UBS and Morgan Stanley maintain their Buy and Equal-Weight ratings respectively, while Bernstein downgraded its action to Market Perform.
October 24, 2023 | 3:16 pm
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Chevron has seen unusual options activity, with a large investor taking a bearish stance. This could potentially impact the stock's price in the short term.
The unusual options activity, particularly the bearish stance taken by a large investor, could potentially lead to a decrease in Chevron's stock price in the short term. This is further compounded by the fact that the overall sentiment among these big-money traders is more bearish than bullish.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100